413 Atlantic Street SE Washington, DC 20032
Investment Opportunity – Entirely Vacant Multifamily Building! Situated at 413 Atlantic St SE, this completely vacant multifamily property boasts four expansive units with 3 bedrooms and 1 bathroom each, plus a basement unit offering 4 bedrooms and 2 bathrooms. In 2023, the building experienced a comprehensive interior renovation, which encompassed new finishes for unit interiors, enhancements to shared spaces, and the installation of new appliances, along with the replacement or repair of significant building systems. The latest appraisal values the property at $910, 000, derived from an income approach based on $127, 000 in annual gross rents and 32% operating expenses which leave a huge room for CASHFLOW Conveniently located near I-295 and South Capitol Street for easy commuting, the property is just minutes from the Congress Heights Metro Station (Green Line) and several bus lines.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyWashington
- Taxes$23,022
- HOA/Condo/Coop Fees$0
- Days on Site0 Days
- MLS StatusComing Soon
- MLS ID NumberDCDC2159260
- Home Size Source Estimated
- Year Built1943
- Lot Size0.13 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Other
- Construction Brick
- Parking On Street
- Sewer Public Sewer
- Number of Stories 3
- Acreage 0.13
- Water Public
- Attached Garage No
- Foundation Other
- Zoning R-2
- Listing Conditions Real Estate Owned
Interior Features
- Cooling Central A/ CElectric
- Heating Forced AirNatural Gas
- Fireplace No
Exterior Features
- Spa No
- Waterfront Property No